Using south to refactor a Django model with inheritance

I was wondering if the following migration is possible with Django south and still retain data.

Before:

I currently have two apps, one called tv, one called movies, each with a VideoFile model (simplified here):

tv/models.py:

class VideoFile(models.Model):
    show = models.ForeignKey(Show, blank=True, null=True)
    name = models.CharField(max_length=1024, blank=True)
    size = models.IntegerField(blank=True, null=True)
    ctime = models.DateTimeField(blank=True, null=True)

movies/models.py:

class VideoFile(models.Model):
    movie = models.ForeignKey(Movie, blank=True, null=True)
    name = models.CharField(max_length=1024, blank=True)
    size = models.IntegerField(blank=True, null=True)
    ctime = models.DateTimeField(blank=True, null=True)

After:

Because the two videofile objects are so similar I want to get rid of duplication and create a new model in a separate app called media that contains a generic VideoFile class and use inheritance to extend it:

media/models.py:

class VideoFile(models.Model):
    name = models.CharField(max_length=1024, blank=True)
    size = models.IntegerField(blank=True, null=True)
    ctime = models.DateTimeField(blank=True, null=True)

tv/models.py:

class VideoFile(media.models.VideoFile):
    show = models.ForeignKey(Show, blank=True, null=True)

movies/models.py:

class VideoFile(media.models.VideoFile):
    movie = models.ForeignKey(Movie, blank=True, null=True)

So my question is, how can I accomplish this with django-south and still maintain existing data?

All three these apps are already managed by south migrations and according to the south documentation it